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To protect citizens from fraud, the LDA will register property dealers

To protect citizens from fraud, the LDA will register property dealers

The Lahore Development Authority (LDA) has decided to register property dealers and real estate agents so that people don’t get scammed when they buy or sell homes or land.

During the third meeting of the LDA Governing Body for the year 2022, Vice-Chairman LDA Naeem-ul-Haq led the meeting. The decision was made at the meeting, which took place on Thursday.

The LDA Governing Board approved a way to stop fraud and counterfeiting by real estate agents who work for LDA schemes. They also approved SOPs for how to register property dealers and real estate agents with the LDA.

Read more with EL news : Finalization of the draught LDA property management rules

To give LDA employees a basic salary (Rs12,000) as an Eid allowance, the meeting also agreed to give them that amount. This was one of the things the meeting agreed to. Joint Venture Regulations LDA 2022 were also approved by the meeting. Plot Auction Committee was reorganised at the meeting. The Governing Body’s member was added to the committee.

During the meeting, the master plan for 2050 was given to a committee for review, and then it would be sent back to the Governing Body after it had been made public. Wasa Sh Imtiaz Mehmood, MPA Sadia Sohail Rana, Engineer Amir Qureshi, Tariq Sana Bajwa, Farqalit Mir, Qadeer Ahmed Bajwa, and Syed Nadeem Akhtar Zaidi were in the meeting, as well as other people.

To keep people from being scammed, the LDA will register real estate dealers.

Keep up with Estate Land Marketing for news and updates.

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